mino: NEWP has been a subject of many in our group, as some such as newportbeach found it at less than 1/2 of it's current value!!! They know a lot about it fundamentally, so you could post a question to our group about NEWP.
From a TA view, NEWP has a strong up trend, and it just broke out to new highs, so no resistance now. Can't get much better relative strength than this!!! I personally would not chase it here, but I would buy it when the Naz has had a nice correction, which I think is still possible in Aug/Sept. I like momo stocks a lot, but a little earlier in their stages.
If we get a Nasdaq correction, I may share my faves again, as last time in Naz low 3000's, in which they were RMBS, AETH, NUAN, RBAK, JDSU, SSOL.
Best wishes,
Dr.Bob |
